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Latest Results from /regulation

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Kyax collaborates with Anna and DTIF to streamline digital asset regulatory reporting

KYAX, a Digital Asset Financial Reporting tool, the Association of National Numbering Agencies (ANNA), a global member association seeking to foster standardization within the financial industry, and the Digital Token Identifier Foundation (DTIF) whose mandate is to increase transparency in the digital asset space by creating a core reference data set, are pleased to announce they have joined forces to expedite the implementation of the ISO 24165 Digital Token Identifier (DTI) and ISO 6166 International Securities Identification Number (ISIN) standards in the digital asset space.

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HKMA wins broad support for stablecoin legislation

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued today (17 July) the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin (FRS) issuers in Hong Kong.

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Kaizen debuts AI-powered transcriptions for comms surveiilance

Leading regulatory technology firm, Kaizen, is introducing a new artificial intelligence (AI) powered voice transcription functionality on its communications surveillance platform.

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Basel Committee publishes final disclosure framework for banks' cryptoasset exposures

The Basel Committee on Banking Supervision today published its final disclosure framework for banks' cryptoasset exposures and targeted amendments to its cryptoasset standard published in December 2022.

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ESAs establish framework to strengthen coordination in case of systemic cyber incidents

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) will establish the EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA), that will facilitate an effective financial sector response to a cyber incident that poses a risk to financial stability, by strengthening the coordination among financial authorities and other relevant bodies in the European Union, as well as with key actors at international level.

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FSB bids to address legal, supervisory and regulatory frictions in cross-border payments

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

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EBA consults on guidelines on reporting of data under MiCAR

The European Banking Authority (EBA) today launched a consultation on draft Guidelines on reporting requirements to assist competent authorities and the EBA in performing their duties under the Markets in Crypto-assets Regulation (MiCAR).

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Pinmfa sets out five-year agenda for advancing financial health

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has set out its agenda for government over the course of this Parliament.

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FCA overhauls listing rules

The new rules are the biggest changes to the listing regime in over 3 decades.

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American Fintech Council responds to CFPB buy now, pay later rules

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans.

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Dosh applies to become registered bank in New Zealand

Dosh has applied to become a registered Bank in New Zealand.

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NYDFS adopts guidance on AI use by insurance firms

Today, Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence.